Reuters reported that India's coal imports are expected to rise by 21% YoY in the 2010-11 financial year, which begins in April 2010, as local output lags booming demand in the energy hungry country.
Mr Sriprakash Jaiswal coal minister told Reuters that the government may also allow JVs with foreign partners to bid for coal blocks to help boost output of the fuel that meets over half of the energy demand in the expanding economy.
He added that "This year, we have increased our production by about 8%. But energy requirement has increased by 15%."
Source : reuters.com